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Private Monitoring, Collusion and the Timing of Information
Khalil, Fahad; Lawarree, Jacques P.; Scott, Troy Joseph - 2015
When a principal’s monitoring information is private (non-verifiable), the agent should be concerned that the principal could misrepresent the information to reduce the agent’s wage or collect a monetary penalty. Restoring credibility may lead to an extreme waste of resources - the so-called...
Persistent link: https://www.econbiz.de/10014043494
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Airline Alliances, Carve-Outs and Collusion
Brueckner, Jan K. - 2011
In this paper, we ask how antitrust immunity subject to a carve-out affects collusion incentives in international airline alliances. We show that the gains from economies of density due to higher interline traffic under the alliance strengthen the incentive to collude on the interhub segment,...
Persistent link: https://www.econbiz.de/10013119837
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Policy Innovations, Political Preferences, and Cartel Prosecutions
Ghosal, Vivek - 2015
While price-fixing cartel prosecutions have received significant attention, the policy determinants and the political ….S. antitrust cartel prosecutions during the period 1969-2013. This period has seen substantive policy innovations with increasing … penalties related to fines and jail terms. There appear to be four distinct cartel policy regimes: pre-1978, 1978-1992, 1993 …
Persistent link: https://www.econbiz.de/10013012564
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Fighting Collusion by Permitting Price Discrimination
Helfrich, Magdalena - 2016
We investigate the effect of a ban on third-degree price discrimination on the sustainability of collusion. We build a model with two firms that may be able to discriminate between two consumer groups. Two cases are analyzed: (i) Best-response symmetries so that profits in the static Nash...
Persistent link: https://www.econbiz.de/10012996205
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Optimal Cross-Licensing Arrangements : Collusion Versus Entry Deterrence
Choi, Jay Pil - 2018
This paper analyzes optimal cross-licensing arrangements between incumbent firms in the presence of potential entrants. The optimal cross-licensing royalty rate trades off incentives to sustain a collusive outcome vis-a-vis incentives to deter entry with the threat of patent litigation. We show...
Persistent link: https://www.econbiz.de/10012912373
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Multimarket Linkages, Cartel Discipline and Trade Costs
Agnosteva, Delina - 2018
. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are … strategically linked via the incentive compatibility constraint. Importantly, trade costs affect cartel shipments and welfare not … costs exert a negative and significant effect on cartel discipline. In turn, cartel discipline has a negative and …
Persistent link: https://www.econbiz.de/10012926563
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Multi-Market Collusion with Demand Linkages and Antitrust Enforcement
Choi, Jay Pil - 2009
This paper analyzes dynamic cartel formation and antitrust enforcement when firms operate in demand-related markets. We … show that cartel prosecution can have a knock-on effect: desisting a cartel in one market reduces profits and cartel … stability and leads to the break-up of the cartel in the adjacent market. Cartel prosecution can also have a waterbed effect …
Persistent link: https://www.econbiz.de/10013160219
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Collusion, Blackmail and Whistle-Blowing
Felli, Leonardo - 2015
Whistle-blowing is usually regarded as a way to identify abuse and wrongdoing on the part of governments and corporations. In this paper we show how, at a micro level, whistle-blowing can be used as a designer tool to prevent opportunistic behavior, that takes the form of collusion or blackmail,...
Persistent link: https://www.econbiz.de/10013022506
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Global Cartels, Leniency Programs and International Antitrust Cooperation
Choi, Jay Pil - 2010
In this paper we analyze cartel formation and self-reporting incentives when firms operate in several geographical …-reporting by cartel members …
Persistent link: https://www.econbiz.de/10013144908
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Partial Harmonization of Corporate Taxes in an Asymmetric Repeated Game Setting
Itaya, Jun-ichi - 2010
This paper investigates the conditions under which partial harmonization for capital taxation is sustained in a repeated interactions model of tax competition when there are three heterogenous countries with respect to their capital endowments. We show that regardless of the structure of the...
Persistent link: https://www.econbiz.de/10013136007